Optimization of Relay Power and Load Control Period Based on Cost-Sharing Contract in Smart Grid Communications

Abstract

This article considers both the influence of relay power and load control period on the load tracking performance in smart grid communication. First, based on regulation errors caused by load control with imperfect channel state information (CSI), the load tracking cost model integrated of load control period and relay power is established in smart grid communication. Then, a coordination mechanism of cost-sharing contract (CSC) is presented. In the CSC, the utility companies select the preferred contractual terms offered by the telecom operator (TO) to reduce their costs and coordinate the whole network system simultaneously. Finally, the theoretical analysis and simulation demonstrate that the simultaneous consideration of the relay power and load control period can reduce the costs of the utility companies, increase the profit of the TO, and improve the social welfare. Besides, the proposed coordination mechanism of CSC can coordinate the whole network system.